American Axle & Manufacturing (AXL)

Quick ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	519,900	615,600	511,100	465,700	511,500	472,300	501,400	529,900	530,200	500,700	587,700	601,200	557,000	537,300	893,300	682,700	532,000	375,100	248,800	252,100
Short-term investments	US$ in thousands	—	200	4,500	1,100	2,400	2,500	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	818,500	885,200	921,100	892,100	820,200	974,600	929,300	928,100	762,800	739,600	798,100	852,800	793,200	900,800	550,200	794,700	815,400	976,900	1,138,000	1,202,100
Total current liabilities	US$ in thousands	1,201,600	1,248,700	1,233,600	1,198,000	1,199,300	1,214,300	1,213,700	1,153,700	1,039,900	1,003,200	1,152,100	1,042,100	979,300	1,024,300	1,260,300	1,218,700	1,026,400	1,237,100	1,267,100	1,391,500
Quick ratio		1.11	1.20	1.16	1.13	1.11	1.19	1.18	1.26	1.24	1.24	1.20	1.40	1.38	1.40	1.15	1.21	1.31	1.09	1.09	1.05

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($519,900K + $—K + $818,500K) ÷ $1,201,600K
= 1.11

The quick ratio of American Axle & Manufacturing Holdings Inc has shown a relatively stable trend over the past eight quarters, ranging from 1.27 to 1.41. This indicates that the company has had a consistent ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities, providing a good indication of financial health and operational efficiency. Therefore, based on the data provided, American Axle & Manufacturing Holdings Inc has maintained a strong liquidity position throughout the observed period.